FALLEN pop idol Finley Quaye has been declared bankrupt after he was hit with a tax bill for a whopping £383,000.

The Brit Award winner faced the massive demand after HMRC went to court to claw back the cash.

Reggae singer Quaye banked millions from album sales but according to official documents now has ZERO assets.

He failed to turn up for the hearing at the High Court of Justice in London. A source said: “Finley has been living on borrowed time for a while now.

“He loved the rock ’n’ roll lifestyle but when the royalties dried up he kept living the same way. All his cash disappeared, including money he should have ringfenced for tax.

“It’s crazy to think he beat Robbie Williams and Elton John to the Brit Award. They have millions but Finley doesn’t have two pennies to rub together.”

Quaye, 38, scooped the Best British Male Solo Artist gong in 1998 — a year after the release of debut album Maverick A Strike which sold more than a million copies. He pocketed a £2million advance for follow-up Vanguard, a chart flop.

Quaye narrowly dodged jail over a race-hate assault on mum Jobely Flores in Leith, Edinburgh, where he was born.

He has battled booze and drugs and in 1999 checked into London’s Priory clinic — but lasted just one week. While there, he began dating tragic TV presenter Paula Yates, who died from a heroin overdose in 2000.

An HMRC spokesman said: “We have no comment to make on individual cases.”